WTI Crude Oil Mid-day Analysis 07 November 2016

Under Pressure

Our Pivot: 45.90

Our Preference: Short sell below 45.00 with strict stop loss of 45.90 and target at 44.00 and 43.54.

Alternate Scenario: Upward penetration of 45.90 will call for 46.87.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances: